According to the latest on-chain investigation results, a wallet that has long been associated with Ripple co-founder Chris Larsen has recently had significant activity. Since July 17, the wallet has transferred a total of 50 million XRP Tokens, which is approximately $161 million based on the current market capitalization.

This significant transfer has garnered widespread attention in the cryptocurrency community. On-chain analysis experts revealed that of the massive XRP amount, approximately $140 million flowed to three addresses suspected to be related to exchanges. Among them, two addresses each received 15 million XRP, and these two addresses have been used multiple times to transfer assets to trading platforms. The other address received 10 million XRP.

It is worth noting that the remaining 10 million XRP were evenly distributed into two newly created Wallets, with each Wallet receiving 5 million XRP. These two new Wallets have never had any transaction records before, and their use and purpose remain unclear.

Despite such a large-scale transfer, data shows that Larsen still controls a significant amount of XRP. It is estimated that the associated addresses still hold about 2.81 billion XRP. Based on the market price of $3.20 on that day, the total value of these Tokens is around $9 billion.

The specific reasons for this large-scale capital transfer are still unclear. Some analyses suggest that it may be related to market strategy adjustments or investment layouts. There are also viewpoints indicating that this could signal significant movements within the XRP ecosystem. Regardless, as an important player in the cryptocurrency market, Larsen's actions will undoubtedly continue to attract close attention from the industry.